USDZAR is one of the most volatile currency pairs, but also one of the most lucrative currencies to trade. We anticipate that a higher move is more probable, however we always consider what the price can possibly do. Trading is as simple as 4 phases, you just need to learn where the price is at and then trade accordingly. Like to learn more about us? visit our...
Here we have lower lows and a lower high, indicating a possible bearish move. From our previous analysis this instrument showed signs of weakness and we might see more sellers getting into this market, with supply forcing prices lower. Again we consider the possible moves the price can make, and we will listen to our candlestick storytellers around areas of...
On this 1-hour chart of Silver we consider all possible moves the price can make. Even though we have no clear direction yet, we will follow the price as it develops. For a solid bear we need lower highs and lower lows, that we don't have yet. Around areas of importance (support and resistance) we will listen to the candlestick storytellers. Trading is simple but...
Here on Gold we have a tentative (in the making) Head and Shoulder pattern, it is not confirmed yet. Between the head and the right shoulder we have a triangle forming. Triangles are not necessarily continuation patterns, we trade triangle both ways, however we do go for the higher probability setups, looking at where the triangle is forming within a channel or...
Our high probability trade set up is bullish, however a break below the uptrend line will let us look for lower highs and lower lows before we will change our bias to bearish. For now we trade in the direction of the channel. Always consider what the price might do, your highest probability trade setup, calculate your trade and trust the trading concept. This is...
Rising wedge reversal pattern. We have this rising wedge pattern forming pretty close to a resistance area. As we always say, consider where the price is at, consider what the market can possibly do, select the outcome with the highest probability. In this case with the reversal pattern at or near a resistance, we will consider a Sell trade as the high probability...
When we traders talk about hedging, it means we trade in the opposite direction of our original trade. To hedge against a long/buy trade, we will execute short/sell trade when there are pullbacks. This is a highly effective and profitable trading concept. Just like all other trading concepts you have to practice the concept extensively to build experience in order...
At the the time China started to impose steel curbs a Head and Shoulder pattern was clearly visible, on KIO and most traders, got out with good profits. However the profit taking did not stop here. There is something called technical trading and speculation and the traders went Short/Selling the price. With more imposed steel curbs the price continued down...
On this 15 min chart we can see a proper Inverse Head and Shoulder Pattern, but this is not all after the higher low we notice a triangle pattern formed at the right shoulder of the IHS pattern, more indication that the bull move will continue, target indicated by up arrow line. From experience wee know that a break of the neckline is not n break if not confirmed....
Can we possible see a bearish move on Gold? Looking at this 1h chart we can see a Head and Shoulder pattern in the making. Now remember a pattern is not a pattern until confirmed. In this case we will wait for a break of the neck line, and we can see that our downside target (head neckline projection) falls at a support area. Form experience we've learned that if...
Looking at this 1h chart on Silver we get the idea that n triple top pattern might be forming, but we do know that a pattern is not a pattern until confirmed. Price is currently at the support are of the patter, and it can be traded in 3 ways, we can place pending order to sell below support area, or wait forbreak of support and then a pullback to the support...
We can see a recovery from the drop and violation of down trending lines. It looks like the bulls are back in control, and we will look for buy opportunities on retracements. On higher time frames it might be a different story, however for the purposes of this post we only focus on the 1 hour time frame and the price action taking place. Always consider what the...
On this instrument we notice something like a range but not really. The price have a difficulty to break either support or resistance, this behavior can almost come down to a none-trending environment. If you can't clearly define the direction of the price, then place it on the list for later and rather focus on trending markets on your watchlist. Not sure how to...
We like to believe that we have wedge continuation pattern in play on the 15 min time frame. When looking at higher time frames its a different story. It all depends on the type of trader you are. What we will do most of the time is to take trades on higher time frames and hedge against those trades on lower time frames. Like to learn more abut trading multiple...
As trader you have to consider all the possible moves the market can take. In our BTCUSD case we do expect the BTC to weaken against the USD. However we will read the candlesticks around areas of importance before taking appropriate action. This is just our view, idea and for educational purposes and should not be considered as an instruction to buy or sell the...
Always consider what the price can do. In this chart we look at the massive bearish move after a rising wedge pattern, and take it that this instrument is bearish for now, so high probability trades will be to the downside. However you should always consider what the market can do. After a massive drop like this we can expect some sort of retracement (in level 3...
Again we have a rising wedge, indicating a possible uptrend reversal. We consider all the moves the price can possibly make. From the last rising wedge experience, we've learned that the price can easily rally if a reversal pattern does not work out. Trading within the pattern reduces profits and increase risk. Personal BIAS plays a vital role in decision making...
What we can possibly expect from XRPUSD. This is only our opinion and the price direction can change in the blink of an eye. Like to learn more about us. Have a good one.